Apple has garnered some fame for its “Reuse and Recycle” policy for iPhones and iPads. You can trade devices as old as the iPhone 3G from 2008, to the iPhone 5 of 2012 and get some credit for your iPhone upgrade. With prices ranging from $99 for an iPhone 4, to $199 for an iPhone 4s, upgrading to another device could be free on contract in some cases, and that deal was much sweeter with devices like the iPhone 5, though we used the word “was” intentionally.

Apple has just cut the trade-in value of the iPhone 5 from $270 to just $225, which is a whopping [...]